Credit Suisse could move almost 2,000 jobs out of Canary Wharf due to high rental costs.

The bank’s regional headquarters for operations in Europe, Middle East and Africa is based in Cabot Square , but it also has meeting rooms in Pall Mall.

Reuters reported that chief executive Tidjane Thiam estimated that if some back-office positions were moved to cheaper offices in Poland and India the firm could save £156million pounds a year.

Thiam made the announcement at a press conference on Wednesday, October 21, following the release of information on a major overhaul of the bank, including measures to “right-size” its staff numbers in the capital.